I've posted about $LI multiple times recently. The stock is now a candidate for a potential Hight Tight Flag #PowerPlay setup.
What's a HTF?
Watch O'Neil speaking about that pattern.
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A few other names showing the beginning phases of Accumulation Volume patterns ....
$AFRM
$MDB
$APP
$MARA
Worth watching how these charts morph, develop and evolve over the next few weeks!
Areas that have yet to break below their mid-May lows...
Corn, Video Games, Carbon Credits, Solar, Biotech, Pharmaceuticals, Cloud Computing, Lithium, Online Retail, REMs, Silver Miners, 4 of 5 ARK funds, and basically everything related to China
$TAN $REMX $LIT $ONLN $ESPO
A must weekly screener - EPS Acceleration + Technical filter.
27 stocks sorted by Relative Strength descending.
$CSL $ATSG $MPWR in larger watchlist
90%+ of biggest stock market winners showed EPS acceleration b4 or during their huge price moves
Just like anyone else, I buy stocks that implode... it's inevitable. But the key is, I don't let them implode me. How do I avoid the downturns? Stops.๐
Some basic and very effective trend following caution signs/sell signals, using MAs:
20-sma rolls over
A close below a longer-held rising 50-sma
A bearish 20/50-sma cross down
50-sma rolls over
Close below 200-sma
Bearish 50/200-sma cross down
200-sma rolls over
The firat goal in trading is to limit the downside while at the same time consistently exposing your capital to the areas that have relatively big upside potential. The second goal is to protect profits on your winners. Do those things correctly and the rest takes care of itself.
Never been Bitcoiner and not involved but think filled with same people married to growth stocks, NVDA, TSLA, etc. โGive it more room, etc.โ Weekly channel breaks measures back to 13k breakout. 30k MAJOR level but all said and done think goes back to that breakout. Topierto Top.
If you are going fishing, know where the big fish is lurking.
The below are facts not opinions. And as clear as this is, many still fail to follow.
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I never try to use market timing to trade stocks. When reward outweighs risk, that's when I enter and get aggressive. How do I know? Stocks are setting up AND WORKING from breakout levels.
I have a nice short clip for Bill O'Neil talking about Hight Right Flag that I will post later tonight.
Similar to what I have posted in the past.
See below. Be on the lookout!
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